March 13 2023 | Market Watch
Toronto Real Estate Market Watch February 2023
The first notable update is that real estate prices have decreased since last February’s record high (which is no surprise to anyone). This decrease has helped buyers offset the costs of the increased borrowing fees. We’ve seen an 18% decrease in 2023 from February 2022, but interestingly it’s actually a 5% increase when comparing February 2021. This year the average sale price was just over a million, at $1,095,617.